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011029
STATE BANK OF PAKISTAN
EDMD
Circular No. 9
26th October 2001
All Scheduled Banks
Dear Sirs,
We
invite your attention to EDMD circular No. 1 dated 19 th June 2000,
wherein under Section D(10) it was
stipulated that at any given day end a PD’s holding in a single issue of PIB will not exceed 30% of the
total issue amount.
With
the view to promote Secondary Market activities it has now been decided
that henceforth at any given day
end a Non PD bank’s holding from a single issue of Pakistan Investment
Bond (PIB) should not exceed 15% of the total issue amount.
Yours faithfully,
Sd/-
(Muhammad Asghar Baig)
Joint Director
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